Can American Capitalism Survive?: Why Greed Is Not Good, Opportunity Is Not Equal, and Fairness Won’t Make Us Poor

Can American Capitalism Survive

By Steven Pearlstein. Challenges theories being taught in business schools and exercised in boardrooms around the country, arguing that a key tenet of Adam Smith’s wealth of nations is missing: without trust and social capital, democratic capitalism cannot survive. Further, equality of incomes and opportunity need not come at the expense of economic growth.

Lays out bold steps such as: a guaranteed minimum income paired with universal national service, tax incentives for companies to share profits with workers, ending class segregation in public education, and restoring competition to markets. Provides a path forward that will create the shared prosperity that will sustain capitalism over the long term. Read more.